Refer to the financial statements and the Notes to Consolidated Statements for Reitmans (Canada) Limited, which are reproduced in Appendix A.

Instructions

(a) For each type of property and equipment that Reitmans reports in note 8 to its balance sheet, identify the following amounts at January 28, 2012: 

(1) Cost, 

(2) Accumulated depreciation and impairment losses, 

(3) Net carrying amount.

(b) For the intangible assets and goodwill that Reitmans reports in note 9 and in its balance sheet, identify the following amounts at January 28, 2012: 

(1) Cost, 

(2) Accumulated amortization, 

(3) Net carrying amount.

(c) Did Reitmans have any impairment losses or reversals of impairment losses in the year ended January 28, 2012? How does Reitmans determine if an impairment loss needs to be recorded? 

(d) Depreciation and amortization expense are not disclosed separately on the statement of earnings. Where are they included? What were the amounts for fiscal 2012? (See notes 8 and 9.) 

(e) What was the amount of cash used to buy property and equipment and intangible assets during the 2012 fiscal year? 

(f) What depreciation methods are used by Reitmans for financial reporting purposes? (See note 3 to the financial statements.) What expected useful life does the company use to calculate the depreciation on its property and equipment? On its intangible assets?